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Daily Tax Report: International

Pinera Offers Social Concessions in Bid to Quell Chile Protests

Oct. 23, 2019, 1:17 AM

Chilean President Sebastian Pinera unveiled a series of social measures designed to appease protesters and rioters who have brought major Chilean cities to a near standstill in the past five days.

After meeting with opposition leaders Oct. 22, Pinera said he plans to raise the maximum income tax rate to 40% from 35%, lift basic pensions by 20% and introduce a guaranteed minimum income among other measures. But in a televised address, he defied calls by protesters to lift a state of emergency until security is guaranteed.

People demonstrate at Plaza Italia in Santiago on Oct. 22.
Photographer: Pedro Ugarte/AFP via Getty Images

The social concessions signal the end of the center-right government’s previous economic...

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